Spiritual Successor to P.T in the works
Using the unreal 4 engine, a small studio of six is currently working on Allison Road: http://www.eurogamer.net/articles/2015-07-02-allison-road-looks-like-the-fan-made-spiritual-successor-to-p-t
Here's the scary video: 
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https://www.youtube.com/watch?v=__i_LoRKhJ0
The graphics are good but the scares are crap. The developers have no idea what they're doing as far as building tension.
Speaking of PT DEMO. Something i just found out recently.
IF YOU HAVE THE DEMO ON YOUR PS4, DO NOT DELETE IT, People will buy your PS4 for up to 1800 US, well that was until Konami cried about it, to Ebay. It is a collector's item, that is not going to ever have another re release.
Dude I saw that. That's flippin ridiculous.
I know right, I'm almost tempted to sell it.
R-Really? Could it really be just as good?
Jesus Christ... This was more terrifying than the PT... I wish them the best of luck on this. Now I'm gonna go bleach my eyes.
No.
That's your opinion. I think it looks alright.